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Acrylic Acid Market By Application Analysis (Acrylates, Superabsorbent Polymers (SAP’s) & Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022

Acrylic acid is produced predominantly via two stage oxidation of propylene. Approximately around 5% of propylene is consumed in the production of acrylic acid. Acrylic acid is available in two grades: technical grade and glacial grade.

The market is witnessing growth on the back of rising demand from the end use applications. Moreover, rapid expansion of different end use applications for acrylic acid are the factors driving the market growth. Untapped economies also offers huge growth potential. Health hazards and environmental concerns associated with acrylic acid is one of the major factors inhibiting the market growth. 

Acrylic Acid Market

Purpose of the Report

The purpose of this strategic research study titled “Global Acrylic Acid Market” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global acrylic acid market.

Target Audience

  • Industry investors
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers

Companies who want to enter the market and companies who want to diversify their product portfolio

USP and Key Offerings

This report analyses the worldwide markets for acrylic acid in USD billion & Million tons by the following application types – acrylates, superabsorbent polymers (SAPs), and others. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific and Rest of World (RoW). Annual estimates and forecasts are provided for the period 2014 through 2022 and market growth rate is calculated from 2015 to 2022. Market data and analytics are derived from primary and secondary research. We have considered demand side approach of the market. Competitive analysis is primarily based on public domain information including company URLs and company annual report.

Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within acrylic acid market
  • Market drivers, market restraints, and their impact on the market growth
  • In-depth competitive analysis of players present in the market
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global acrylic acid market, of growth offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

By Applications – Acrylic Acid

On the basis of applications, the acrylic acid market is classified into acrylates, SAPs and others. The acrylates includes surface coating, adhesives, resin modifiers and others.  The SAP’s includes baby diaper, adult incontinence, feminine hygiene and others. The others markets includes polymer modifiers, inks, water treatment and paper processing among others.

Acrylic Acid Market

The market was dominated by acrylates applications but growth is projected to the fastest from the SAPs applications. Its wide range of use supports growth rate marginally higher than GDP.

Geography Segmentation Analysis

On the basis of geography, the global acrylic acid market is segmented into following regions,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Brazil
    • Rest of RoW

Asia Pacific is the largest market globally and is projected to grow at the highest rate in terms of revenue and volume from 2015 to 2022. North America is the second largest market followed by Europe. 

 Acrylic Acid Market

Untapped economies such as Middle East, South East Asia, Latin America, and Eastern Europe offers huge market potential.

Hismation - Acrylic Acid

Acrylic acid is commonly used chemical intermediate and due to its use in broad range of application is considered as a valuable chemical commodity. The most extensively recognised process for production of acrylic acid is the vapour phase oxidation of propylene. This is generally done as a standard process including series of two reactors, utilizing two separate catalysts. In this procedure, the first reactor converts the propylene into acrolein whereas the second reactor completes the conversion of acrolein to acrylic acid. Instead of utilizing this common method for production, this design project specifies a one-reactor system using a molten salt heat transfer medium in order to relieve the system of the heat of reaction produced. When executed properly, the parabolic temperature circulation should effect in roughly 90% conversion of propylene.

The overall market is witnessing growth on the back of rising demand from end use applications such as construction, paints and coatings, adhesive and sealants among others. In addition, rapidly increasing application of superabsorbent polymers (SAP) is another major factor triggering the market growth. Imbalance in the supply chain and environmental concerns are some of the major factors inhibiting the growth of the market. However, shift in focus on development of bio based acrylic acid and high growth potential from untapped regions offers huge market demand.

Asia Pacific is the largest market for acrylic acid in terms of volume and revenue, both. It is projected to maintain its dominance over the coming few years. Rise in demand for baby diaper, development of infrastructure supported by rise in purchasing power are major contributors of towards the market growth. Expanding applications of superabsorbent polymers is projected to trigger market demand for acrylic acid in North America and European regions. Moreover, rise in demand for adult diaper due to growing ageing population is another factor contributing towards the market growth. Untapped economies such as Middle East, Eastern Europe, Latin America and Africa offers growth potentials.

Cargill and Novozymes are developing a technology which could produce acrylic acid from 3-hydroxypropionic acid using sugar as the feed stock. Engineered microorganisms ferment the sugar to make 3-hydroxypropionic acid. This project has received funding from the US Department of Energy with the technology of USD 1.5 million. This project was expected to be viable by 2013.

Arkema and Jurong chemical, leaders of acrylic acid in China, enterd in joint venture, Sunke.

In this venture Arkema has a majority interest, and consists production of two acrylic acid lines each amounting to 160,000 tpa located on the Taixing site in China. With the first stage closing, Arkema has access to half of the site’s installed production. This strategy will help the company to meet the rising demand of its customer in Asia region and will support the growing markets such as paints, superabsorbents, adhesives and water treatment.

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Published Date:  Mar 2016
Category:  Chemicals
Report ID:   57760
Report Format:   PDF
Pages:   120
Rating:    4.2 (60)
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